London-based Titan Construction Management has called in liquidators, leading to the loss of around 30 jobs.
The firm, which has worked on a number of mixed-use projects in the capital, collapsed owing more than 100 creditors a total of £4.38m, according to Companies House records released last week.
Its assets totalled around £367,000, the filing shows.
Liquidators from Portland Business & Financial Solutions and Begbies Traynor have been appointed, following a creditors’ petition hearing in Leeds last month.
Titan Construction Management was initially hit with a winding-up petition in August.
A source close to the situation confirmed to Construction News that all the firm’s staff – around 30 people – have been made redundant.
The company was part of Titan Group, which has offices in Leeds, London, Nottingham and Yeovil, according to its website. ISG founder David King was appointed chairman of Titan Group in 2014.
Another division of Titan Group, Titan SWR, went into administration on 1 August.
Titan SWR was the name of the rebranded phoenix company, Emerge, that Titan acquired from housebuilder Brookvale Homes two years ago.
The collapse of Titan SWR “destabilised” Titan Construction Management, a source previously told Construction News.
It is understood Titan Group’s facilities management unit is not affected by the liquidation of Titan Construction Management, and is trading as normal.
Titan Group declined to comment.